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Springowl Associates Lowers stake in Kraton Performance Polymers Inc (KRA)

Thursday, Mar 31, 2016

Kraton Performance Polymers Inc (KRA) : Springowl Associates reduced its stake in Kraton Performance Polymers Inc by 19.61% during the Q4 period. The investment management company now holds a total of 102,493 shares of Kraton Performance Polymers Inc which is valued at $1.7 Million after selling 25,007 shares in Kraton Performance Polymers Inc according to the most recent disclosure to the SEC.Kraton Performance Polymers Inc makes up approximately 12.64% of Springowl Associates’s portfolio.

Other Hedge Funds, Including , Brandywine Global Investment Management reduced its stake in KRA by selling 462,694 shares or 62.33% during the fourth quarter. The Hedge Fund company now holds 279,617 shares of KRA which is valued at $4.6 Million. Kraton Performance Polymers Inc makes up approx 0.03% of Brandywine Global Investment Management’s portfolio.Alliancebernstein boosted its stake in KRA during the Q4 period, The investment management firm added 180 additional shares and now holds a total of 51,880 shares of Kraton Performance Polymers Inc which is valued at $846,163.Dynamic Technology Lab Private Ltd boosted its stake in KRA during the Q4 period, The investment management firm added 2,231 additional shares and now holds a total of 25,609 shares of Kraton Performance Polymers Inc which is valued at $417,683. Kraton Performance Polymers Inc makes up approx 0.13% of Dynamic Technology Lab Private Ltd’s portfolio. State Of Tennessee Treasury Department added KRA to its portfolio by purchasing 24,600 company shares during the Fourth Quarter which is valued at $401,226.

On the company’s financial health, Kraton Performance Polymers Inc reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Oct 28, 2015. Analyst had a consensus of $0.60. The company had revenue of $269.01 million for the quarter, compared to analysts expectations of $294.73 million. The company’s revenue was down -15.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Kraton Performance Polymers Inc closed down -0.19 points or -1.09% at $17.25 with 3,10,714 shares getting traded on Wednesday. Post opening the session at $17.57, the shares hit an intraday low of $16.76 and an intraday high of $17.82 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Kraton Performance Polymers Inc. is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications including personal care products such as disposable diapers and the rubberized grips of toothbrushes razor blades and power tools. Its products are also used to impart tack and shear properties in a wide variety of adhesive products and to impart characteristics such as flexibility and durability in sealants and corrosion resistance in coatings. It also produces Cariflex isoprene rubber and isoprene rubber latex. Its Cariflex products are used in applications such as surgical gloves and condoms. It manufactures its polymers at five manufacturing facilities globally including its flagship facility in Belpre Ohio as well as facilities in Germany France Brazil and Japan. The facility in Japan is operated by an unconsolidated manufacturing joint venture.

 

Source : streetedition.net

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